Optimization of inventory management of an oil product supply organization using ABC – XYZ analysis

the purpose of this study is to optimize inventory management as one of the key tools for ensuring the economic security of an enterprise in an unstable market environment. Methods: the methods used in the presented study are ABC and XYZ analysis, which allows for a comprehensive assessment of the structure and dynamics of inventories. Findings: the study presents a joint application of ABC and XYZ analysis, which improves forecasting of fuel consumption in petroleum product supply organizations, which allows for advance planning of purchases and avoidance of both shortages and excess inventories, which is especially important for maintaining market stability in the current economic conditions. Conclusions: the identified analysis of consumption dynamics and revision of inventory classification showed high efficiency for adapting the structure of enterprise inventories to constantly changing market conditions. This approach allows companies to quickly respond to changes in demand and prices, ensuring sustainable inventory management. Regular use of ABC and XYZ analysis helps to optimize purchasing and storage processes, reducing the likelihood of shortages or excess stocks in warehouses.

inventory management, inventory structure, inventory optimization, ABC analysis, XYZ analysis